Mar 4, 2009

40 Days of Destruction

PDFBy Bill Wilson

In the 50 days following the stock market peak of 381.17 on September 4th, 1929, the Dow Jones Industrial Average lost 151.10 points or 39.6% by October 29, 1929, commonly known as the "Great Crash." When terrorists attacked New York and Washington, DC on September 11, 2001 the Dow lost 7.1% of its value and trading was suspended at 8920.70. The Dow reopened on September 17th, 2001 to precipitous losses and by September 21st had lost 14.3% and some $1.2 trillion in value-the largest one week drop in history. Some 40 days later, the market recovered most of its losses, down only 6.9% from September 11 at 8297.87.

On January 20, 2009 the Dow closed at 8729.63. Forty days later, the Dow closed at 6763.29, and the market has lost ground steadily since. In other words, the new Administration and Congress has enacted policies that will cost taxpayers over $1.2 trillion -more than the cost of the stock market decline after the 9/11 terrorist attacks-and the market has responded with losses greater than that of the terrorist attacks and nearing the levels of the "Great Crash." Since the current band of politicians took control, the stock market has lost more than 23% of its value. The current Administration and Congress in just 40 days of promoting socialist tax and spend policies has nearly destroyed the American economy.

They have accomplished in 40 days what not even Islamic terrorists could do in eight years. Homes are being repossessed; cars are being repossessed; jobs are being lost; lives are being destroyed because the immediate force of destructive policies is being realized. Yes, the previous Administration played a terrible role in setting up the destruction, but America's worst enemies could not have done a better job than Congress and the White House in destroying the nation in 40 days. Congress and the White House have declared war on you. And until you fight back, your pursuit of life, liberty and happiness will be pillaged by a government of tyranny that is out of control.

This nation is suffering because it has turned away from the Lord, and has lost its moral bearing and discernment. Our first step in this fight is to restore our national identity and relationship with the Lord. It is not the Lord's will that you be held captive to the evils of this world. Jesus told his disciples that they would do even greater things than He did. Jesus said in Luke 4:18,

"The Spirit of the Lord is upon Me, because He has anointed Me to preach the gospel to the poor; He Has sent Me to heal the brokenhearted, to preach deliverance to the captives, and recovering of sight to the blind, to set at liberty them that are bruised, to preach the acceptable year of the Lord."
And so, too, we should do these things.

Related Links

More Bad News on the Economy -
Daily Stock Market Update - Inside Futures
Mr. Obama brings ‘Socialism’ to Washington? - The Christian Science Monitor